This new threat to network vulnerabilities is made possible by the recent increase in the use of the currency in cyber crime. Cryptocurrency Mining Malware is the fastest growing criminal activity from a cyber security perspective. As a result of its popularity, it is being used to hack into networks. It can cause significant damage if malicious and critical assets are compromised by this form of malware.

In 2020, the biggest threat from Cryptocurrency Mining malware was identified and addressed through enforcement actions by the FBI and several foreign countries. In July, the US Justice Department and Federal Bureau of Investigation (FBI) announced the arrest of five suspects who are alleged to be involved in an international ring that mined digital currencies. According to the complaint unsealed in federal court in New York, the five suspects are Korean nationals that allegedly operated an online company that mined currencies from foreign countries. Specifically, one defendant is alleged to have mined Monero, a top ten private currency in the world, from a company in China.

The ring, according to the complaint, mined the currency using unsecured, pooled, third party accounts. The FBI also identified nine additional individuals that were associated with the company and admitted to operating the company. On September 8, the United States filed a criminal complaint against six individuals who are accused of operating the company. Charges include conspiracy to commit malicious hacking, accessing secured computers without authorization, conduct of unsupervised access to a computer, accessing a protected computer without authorization, accepting money or property from a customer, and conducting unsupervised transactions in currencies obtained from the company. In addition, one suspect is accused of attempting to obtain illicit payments from customers in currencies not associated with the business.

Cryptocurrency Mining Malware

It is important to note that Cryptocurrency Mining malware has many variants that are both malicious software. In most cases, the software used by these criminals will search for websites that may contain information that is beneficial to the operator of the online mining operation. If the operator conducts any type of transaction using the stolen currency, the malware infects the infected computer and begins to mine the currency, effectively crippling the operating system.

As you can see from the above example, Cryptocurrency Mining malware has the potential to bring down a business, not just an individual enterprise. This is why it is important to use professional Cryptocurrency miners when you conduct online business. When choosing a Cryptocurrency Mining malware removal tool, it is important to select a tool that has a powerful processing speed and utilizes memory optimized engines. One must also avoid tools that attempt to repair errors on your system. Most Cryptocurrency miners use a database to keep track of transactions. Therefore, if you attempt to repair the registry the software will likely fail, effectively disabling your ability to conduct online business.

It is important to utilize a high quality Cryptocurrency Mining malware removal tool that will effectively scan your system and eliminate all of the damaged files and components. Once the malware has been removed, you should ensure that you have an updated version of your Anti-malware program. This will ensure that your system is protected against future attacks. The Cryptocurrency Mining malware infection will often times crash your computer’s system as well. Therefore, you need to make sure that you have the latest version of your software in order to prevent this from happening.

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